Minimum Due Sample Clauses
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Minimum Due. Each contract year that this Agreement is in effect (i.e., each twelve- month period starting on the Effective Date and each anniversary thereof), RESELLER shall order a minimum of $200,000 of Software Products from ACME. This minimum amount shall be paid on the Effective Date and each anniversary thereof.
Minimum Due. For the first 18 months that this contract is in effect and each 12-month period thereafter, RESELLER shall order a minimum of $500,000 of total Products and Services from FAST, unless otherwise negotiated and agreed upon in writing. Orders under this Agreement and an Application Services Provider agreement that the parties expect to enter into shall be combined to determine whether such minimum is met.
Minimum Due. Each contract year that this Agreement is in effect (i.e., each twelve-month period starting on the Effective Date and each anniversary thereof), RESELLER shall sell a minimum of $10,000,000 (ten million US dollars) of Products resulting in $5,000,000 (five million US dollars) payments to [*] under this contract. Shall RESELLER not have satisfied this commitment at the end of any contract year, it shall pay [*] a 15% penalty against the shortfall amount. For example, if RESELLER has only sold $8,000,000 of Products in a contract year, it shall owe [*] a 15% penalty on the $2,000,000 shortfall, or $300,000.